Your Money

A recent standout in the financial marketplace is the buffered outcome ETF, also referred to as a defined, target, or structured outcome fund. These innovative investment vehicles aim to mitigate investor losses, albeit to a limited extent, while also participating in potential gains up to a defined cap. This risk management is achieved through the strategic use of options and derivatives.

Although these strategies have existed since the early 2000s, they were initially accessible only to institutional clients and high-net-worth individuals.

The landscape has changed markedly in recent years, particularly following the new Securities and Exchange Commission regulations in late 2020 that eased the use of derivatives in funds. This regulatory shift democratized access to strategies previously reserved for Wall Street professionals and affluent investors.

Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, humorously dubbed these offerings 'boomer candy,' suggesting they appeal to older investors who appreciate market participation tempered with protective measures for peace of mind.

At PWM, we recognize the potential of buffered and premium income ETFs in enhancing diversification within a conservative income portfolio.

These Hot New Funds Are ‘Boomer Candy’ for Retirees
by Jack Pitcher

Your Life

A cochlear implant is an electronic device that improves hearing. It can improve hearing in people with severe hearing loss when hearing aids no longer help. Cochlear implants can be put in one ear (unilateral) or both ears (bilateral). Adults often have one cochlear implant and one hearing aid at first, then move to bilateral as hearing loss gets worse with the hearing aid. Some people even experience an improvement in tinnitus with the implant. As with many procedures, cochlear implant surgery is safe but can have rare risks. This article further describes how to prepare for surgery, what you can expect before, during, and after turning on the device, and rehabilitation. Check with your hearing specialist to see if cochlear implants might be right for you.

Cochlear implants
source: Mayo Clinic

Complexity Simplified

Gone are the days of just choosing between two shades of white when installing a toilet. You have choices now—including an array of colors! While cost and color matter, you can also choose how much water it uses and how well it flushes. Manufacturers have made significant design improvements, such as larger trap-ways to prevent clogging and larger flush valves that allow the more powerful rush of water to enter the bowl with less water for a new generation of low-flow models. There are wall-hung models as opposed to floor mounts. There are different heights for comfort and dual flusher options. Also, there are accessories you can add, like slow-close seats, heated seats, and bowl lights.

How to Choose the Best Toilet for Your Home
by Family Handyman

Trivia